It's kind of funny that the more time I spend trading, the more I lose but the more I learn..

As I said in earlier posts, I don't care that I seem to be losing more often than not. I sort of came to terms with the fact that profitability comes at a price. Like that makes any fucking sense right lol?

I've nailed some pretty sweet entries again this week. Sure, they're in the shadow of all my other dumb trades, by I've chosen to focus my attention and energy on the positive. The more I trade, the more my strengths and weaknesses get exposed, and the more I learn about what kind of trader I can hope to be.

Here are my trades for the week:

$TROV: Boy did I shit the bed on this one. Started in pre-market because I felt it was going to wash out and then spike. I could've waited for the bell to ring and get a better entry, but my exit was flawless @$0.43. 10% return in a few minutes is pretty sweet even with a small account. But I had to fuck it all up by wanting more and over trading. Even bag held till the next morning in the hopes it would bounce back. Lesson here: Focus on the front side of the move.

$ICON: Entered again on the backside of the move which is clearly not my strength. In hindsight, it was pretty predictable that it would get stuffed under vwap and then fade. I should've waited till it crossed vwap with volume and confirm direction like it did @ 1:30 pm. Right about the stock, wrong about the entry.

$CATB: Another example of me nailing the front side, only to brain-fart and enter the backside with no plan, completely shattering my profitable trade and giving back more than I had made. Analysing my trades really puts into focus that I am more comfortable on the front-side and that over trading is an affliction that is slowly killing my account.

$AQMS: Joined the trend on both trades. Traded with too little size to actually be profitable trades, but the lesson here is that the trend is your friend. See the blue line? Both entries were timed using a 20 SMA, using vwap as my risk. Both times it kissed the moving average and followed trend. Again, profitable on the front-side even though I missed the big morning spike. A positive lesson learned, but the trouble lies in reproducing it over and over again.

$ZN: Prime example of not following your rules. Taking the loss on this one hurts pretty bad. I didn't get back in because I was frustrated with myself and didn't trust my judgement anymore. I though I was going to get burned when immediately after I bought, it pulled hard and cracked vwap only to reclaim 5 minutes later. Had a $3.09 entry, lol. Go ahead, just look at the chart and shake your head. I sure did hehe.

 

Each and every week, I get more and more confident that I can be profitable. The problem is not my understanding of the stock market or inexperience, the problem is my head. If I can get a grip on my emotions I'll trade smarter!

For next week, my focus will be the front-side of the move. I will not get back in because of FOMO and I will wait for confirmation of the trend before planing other entries. I will also try to refrain from over trading. Some of my best trades these past few days were immediately followed by my biggest brain farts!

I'm kind of bummed out that the market is closed on Monday. But I will see you guys out there Tuesday!

Trade smart people and thanks for reading!

Mick

Twitter: @mickdostie